The previous H&S pattern shown on the chart failed and ended in a bullish move. There is another H&S forming on the daily chart.
- We have to conquer very strong support to complete the bearish move of the newly formed H&S. - If the H&S pattern fails, at first we have to battle the red EMA50 and then the blue weekly downtrend line to complete the bullish move.
Either way, this is too soon to judge and we have to wait for a few days. Please hit LIKE if you agree with this idea.
in my personal advice trx in daily time frame formign cup and handle . and i guess trx is ascending in long time but in timframe 4h i see wedge rising pattern.